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Traders -- this has 2 .gif files associated with it.
File 1: This is an analysis of "long term" swings on 1 hour bars
by using the equivalent of 9 bar limitation for turning points.
It is clear that there is only one projection that COULD be right
and the time period to the bottom and the price is shown.
File 2: This is an analysis of "short term" swings on 1/2 hour bars
using only a single (one) bar limit for turning points. Here we find
that the extrem projection of the 5 made coincides very closely
with the projections from the 1 hour bar analysis.
I hope that these projections WHICH ARE BASED STRICTLY
ON THE HISTORY OF PRICES WITHIN THE TIME PERIOD
COVERED BY THE ANALYSIS can be of use in evaluating
approaches to the general market.
Please understand that I do not make recommendations. All I do
is REPORT what has happened in the past and present it in the
context of what may happen if events on price series tend to repeat
in time.
Clyde Lee
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Clyde Lee Chairman/CEO email: <clydelee@xxxxxxx>
SYTECH Corporation Work: (713) 783-9540
7910 Westglen, Suite 105 Fax: (713) 783-1092
Houston, TX 77063
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